For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Columbus Warehouse For Sale Title is generated by Realmo AI

    229 N Oakley Drive, Columbus, GA 31906

    View on Map
    Claim this Listing
    Pending
    $1,700,000

    MULTI_FAMILY - Columbus, GA

    Property size:
    23,744 SF
    Lot size:
    1.43 Acres
    Added:
    Mar 17, 2026
    Days on Market:
    89
    Last Refresh:
    Jun 13 at 6:06 am

    Property Features for 229 N Oakley Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    APN
    088 051 014
    Size
    23,744 SF
    Lot size
    1.43 Acres

    Building Details

    Year built
    1973
    Number of units
    29

    We can help!

    Listing Contact
    Kyra Cottle

    Listing agent Kyra Cottle

    Listing office Keller Williams Realty River Cities 6053 VETERANS PKWY STE 200, Columbus, GA

    Listing date Mar 17, 2026

    MLS# 224012 Listing URL

    Copyright © 2026 Columbus Board of Realtors (GA). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Built in 1973.

    Overview

    This property is a warehouse located in Columbus, Georgia. The building offers 23,744 square feet of space and is situated on a 1.43-acre lot.

    Local Financial Insights For Warehouse

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $162.4k $6.84
    − Vacancy −$11.5k −$0.49
    EGI $150.9k $6.35
    − OpEx −$22.6k −$0.95
    NOI $128.2k $5.40
    23,744 SF · lease $6.84/SF/yr · vacancy 7.10% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $1.83M
    $1.60M – $2.14M (±1% cap)
    NOI $128,246 @ 7.0% cap · market cap 7.54%
    Second Best
    Industrial
    $1.51M
    $1.32M – $1.76M (±1% cap)
    NOI $105,615 @ 7.0% cap · market cap 6.21%
    Theoretical Best
    Office A
    $5.31M
    $4.65M – $6.20M (±1% cap)
    NOI $371,893 @ 7.0% cap · market cap 21.88%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Georgia Cold Storage Co — 600 Andrews Rd, Columbus, GA 31906
    • Brennan Road Self Storage — 190 Brennan Rd, Columbus, GA 31906
    • Store Space Self Storage — 313 Ford Dr, Columbus, GA 31907

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Muscogee
    State
    Georgia
    Longitude
    -84.9296799
    Latitude
    32.448811

    FAQs

    What type of property is this?
    Warehouse - 23,744 SF warehouse on 1.43 acres in Columbus, GA.
    Where is this warehouse located?
    The property is located at 229 N Oakley Drive Columbus, GA.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: Built in 1973.
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message